Showing 1 - 10 of 987
This paper considers the implications for developing countries of a new wave of technological change that substitutes pervasively for labor. It makes simple and plausible assumptions: the AI revolution can be modeled as an increase in productivity of a distinct type of capital that substitutes...
Persistent link: https://www.econbiz.de/10012302048
China’s current growth model— which has delivered steady and robust growth for two decades and lifted some 500 million … continued reliance on capital accumulation, China can grow at a healthy pace and maintain its convergence toward the level of … high income economies. Evidence from China’s provinces indicates that there is room to improve productivity and sustain …
Persistent link: https://www.econbiz.de/10012667490
The paper analyzes the recent growth dynamics in China, evaluating both cyclical positions and long-term growth … likely and needed in the near term to restore the economy to equilibrium. In the medium term, growth will slow as China moves …
Persistent link: https://www.econbiz.de/10012418220
China's growth potential has become a hotly debated topic as the economy has reached an income level susceptible to the … literature has largely focused on macro level aggregates, which are ill suited to understanding China's significant structural … transformation and its impact on economic growth. To fill the gap, this paper takes a deep dive into China's convergence progress in …
Persistent link: https://www.econbiz.de/10012154921
China''s rapid overall growth since 1978 masks significant differences in relative economic performance across its …
Persistent link: https://www.econbiz.de/10014403618
This paper uses provincial time series data from China to empirically investigate two propositions relating to economic … have increased the rate of convergence in per capita incomes across China’s provinces. However, the pattern of FDI, which …
Persistent link: https://www.econbiz.de/10014399962
What drove the UK productivity slowdown post-GFC, and how is the post-Covid recovery expected to differ? This paper traces the sources of TFP growth in the UK over the last two decades through the lens of a structural model of innovation, using registry data on the universe of firms. The...
Persistent link: https://www.econbiz.de/10012795165
This paper extends the Schumpeterian model of creative destruction by allowing followers' cost of innovation to increase in their technological distance from the leader. This assumption is motivated by the observation the more technologically ad- vanced the leader is, the harder it is for a...
Persistent link: https://www.econbiz.de/10012155163
In the last few decades there has been little convergence of income levels in Latin America with those in the United States, in sharp contrast with both emerging Asia and emerging Europe. This paper argues that lack of convergence was not the result of low investment. Latin America is poorer...
Persistent link: https://www.econbiz.de/10012252005
examine the impact of Europe and China reducing emissions to zero by mid-century. Without international technological …
Persistent link: https://www.econbiz.de/10012610702